Summit Global Investments Buys 3,882 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Summit Global Investments boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 125.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,979 shares of the company’s stock after acquiring an additional 3,882 shares during the period. Summit Global Investments’ holdings in Grand Canyon Education were worth $1,143,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education in the fourth quarter valued at $27,000. True Wealth Design LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $31,000. Financial Life Planners bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at $59,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after buying an additional 167 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $168.82 on Friday. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.42 and a beta of 0.78. The firm’s 50-day moving average is $175.06 and its 200 day moving average is $160.01. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million for the quarter, compared to analysts’ expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. On average, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of research reports. Barrington Research boosted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.